Property Overview: 362 Roseberry Street, Winnipeg

Section 1: Key Characteristics & Appeal

This is a compact, one-storey home built in 1914 on a standard city lot in the King Edward neighbourhood. Its key features include a renovated basement and a detached garage. The data reveals a property that is modest in scale, with a living area (840 sq ft) and assessed value ($20.5k) that sit below the Winnipeg average. This positions it as an accessible entry point into the market.

The primary appeal lies in its practicality and potential. The renovated basement adds functional living space, a significant asset in a smaller home. Its below-average assessment can be attractive for buyers mindful of property taxes. This home would suit first-time buyers, downsizers, or investors looking for a straightforward, manageable property without the premium of a larger or newer build. A thoughtful perspective is that a home of this vintage and size in a central neighbourhood offers a simpler, lower-maintenance lifestyle, which can be a deliberate choice over more square footage that requires greater upkeep and cost.

Section 2: Frequently Asked Questions

1. Is the low assessed value a concern?
Not necessarily. A lower assessed value typically translates to lower municipal property taxes, which is a recurring cost saving. It reflects the home’s modest size and age compared to the citywide average, not necessarily its condition or market value.

2. What does the "renovated basement" include?
The listing confirms the basement is renovated but does not specify the finishes or layout. This is a key detail to clarify with the seller or agent to understand if it’s a finished living space, a modern utility area, or includes a separate suite.

3. How does the lot size compare?
At 2,711 sq ft, the lot is fairly typical for the immediate street and King Edward area, though smaller than the Winnipeg average. It provides adequate outdoor space for a garden or patio without the burden of extensive landscaping.

4. The home is over 100 years old. What should I check?
While the basement has been updated, the core structure and major systems (like plumbing, electrical, and the foundation) are from the original era. A thorough home inspection is essential to understand the condition and any needed updates.

5. Are sale prices in the area consistent?
Nearby recent sales data shows a range. For context, a similar-sized home on the same street sold for between $13.5k and $16.5k in late 2020. Market conditions have likely shifted, so this historical data is a reference point, not a current valuation.